Israel Electric Corp. (IEC), strapped for supplies of natural gas following the recent attack on a pipeline from Egypt, will be allowed to use 500 million new Israeli shekels (NIS) ($145 million) for the purchase of emergency supplies of diesel fuel instead of power lines.

PTTEP Australasia confirmed last week plans to station a floating LNG vessel in the Timor Sea to develop its gas assets.

Chesapeake Energy Corp. has formed Chesapeake NG Ventures Corp. (CNGV) to invest in technology promoting the use of compressed natural gas, LNG, and gas-to-liquids fuels in the US.

Lithuania state oil company Klaipedos Nafta AB has awarded Fluor Corp. a contract to provide engineering and business support for a floating LNG import terminal at Klaipeda, Lithuania.

A landmark native title agreement has been signed to secure land at James Price Point for the proposed Browse LNG project facilities precinct in the Kimberley region of northwest Western Australia.

Australia’s Federal Environment Minister Tony Burke gave government approval for the proposed Ichthys LNG project provided strict conditions are met.

Woodside Petroleum Ltd. has reported another project development cost overrun as well as an added delay to the start-up of its Pluto LNG project in Western Australia.

Chevron Australia’s proposed $25 billion (Aus.) Wheatstone LNG project has gained conditional approval from the Western Australian Environmental Protection Authority (WAEPA).

Argentina opened its second LNG import terminal June 16.

Dunkerque LNG, a subsidiary of Electricite de France SA (EDF), has awarded Sener Ingenieria y Sistemas an engineering, procurement, and construction contract to develop a regasification terminal in Dunkerque in northern France.

Eni SPA and state-owned Petroleum Oil & Gas Corp. of South Africa (PetroSA) have signed a memorandum of understanding for cooperation in upstream projects in South Africa and elsewhere.